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South East Offices Snapshot Q2 2020

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24 04 20 Bristol snapshot
In our Q2 South East Offices market report on leasing and capital invested, we highlight:

  • No surprises when we report that take up is 18% down on the quarterly average.
  • Strip out the one significant announcement of the Home Office and this shows take up is 35% of the usual level for the average quarter.
  • For investment, a similar story with quarterly investment volumes and transaction numbers at the second lowest level they have been for five years.
  • A market that is 're-thinking everything but knowing nothing' as research and trends take time to root and a quarter is not time sufficient.
  • What do we know ? All the surveys, be they our own across 5,000+ responses or other parties, all point to a desire to return to the office.
  • Landlords that show knowledge and actual delivery of adjusted buildings will be who the occupiers seek – the leaders and therefore the long term winners.
  • Colliers teams are being fully utilised and are now at the forefront of what we are doing - ESG, Customer Experience, Workplace.

The office has a great future ahead of it and what we see today had already started 2 years ago  – we now have an accelerated approach to a refreshed market.

28 04 20 south east offices search

South East Offices Snapshot Q2 2020

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Related Experts

Chris Ward

Associate Director

National Capital Markets

Manchester

Chris joined Colliers International in 2011 after graduating form Salford University with a Masters in Real Estate & Property Management.

Chris worked within the Commercial Lease Consultancy, and Valuation departments prior to joining the National Investment department in January 2015 where he advises clients on the acquisition and disposal of investment property across a number of sectors.

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Guy Grantham

Director of Research and Forecasting

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London - West End

Guy has been a property research professional for 23 years and gained extensive knowledge of the UK and Global property markets. He has worked closely with a wide variety of major developers, landlords and occupiers in a consultancy capacity. Instrumental in supporting Hines' purchase of Brindleyplace for £200m, on which Colliers advised. He is now specialising in the London Office market using his extensive knowledge and experience to provide market leading insight into current occupier, investment and development trends.

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